- Tom Emmer was appointed vice chair of the Digital Assets Subcommittee.
- Trump’s presidency brings pro-crypto policies and reforms.
Pro-crypto Congressman Tom Emmer (R-MN) has been named vice chair of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. The announcement was made by Committee Chairman French Hill as part of the 119th Congress subcommittee assignments.
The Digital Assets Subcommittee, established in 2023, focuses on regulating crypto assets, financial technologies, and artificial intelligence in financial services. However, Hill emphasized the committee’s commitment to balancing innovation with consumer protection and regulatory accountability.
“With President Trump in the White House and Gary Gensler sidelined, we have a chance to ensure digital assets align with American values,” Emmer wrote on X.
Emmer, a staunch crypto advocate, has criticized federal agencies for their treatment of the industry. He has also challenged SEC Chairman Gary Gensler over alleged regulatory overreach. The congressman remains committed to fostering a crypto-friendly environment under the new administration.
U.S. Crypto Leadership Takes Shape
Trump’s presidency signals a significant shift in crypto policy. Executive orders addressing digital assets are expected shortly after his January 20 inauguration. Market analysts predict these changes will accelerate regulatory clarity and industry growth.
Chairman Hill expressed optimism about the subcommittee’s leadership.
“Our team will craft frameworks that maintain America’s innovation leadership while protecting investors,” he said.
The committee also aims to streamline regulations for smaller financial institutions and ensure accountability across agencies. Emmer has taken proactive steps toward limiting federal control over digital currencies. He introduced the CBDC Anti-Surveillance State Act to prevent the Federal Reserve from issuing a central bank digital currency without Congressional approval.
The congressman has also highlighted bipartisan support for crypto legislation. “Digital asset laws will advance, regardless of political leadership,” he stated. The FIT21 bill, a stalled crypto market structure proposal, could gain momentum under the Republican-led government.
Emmer expressed enthusiasm for his new role. “We have a tremendous opportunity to guide the future of digital assets,” he said. The subcommittee’s efforts will likely shape U.S. leadership in crypto and financial technology innovation.
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